30-Year Mortgage Rates approach 7%

If you're in the market for a new property, now is the time to act. Interest rates are steadily rising, and the average rate on a 30-year, fixed-rate mortgage rose for three weeks in a row. Currently at 6.96% up from the previous week’s average 6.90%. The lack of housing inventory is making it more and more difficult to find what you're looking for.

Consequently, although rates are up, the market is booming here in Palm Beach County, we just need more inventory. So if you're interested in selling, please don't hesitate to call. Barry Frette will be there to help you navigate the hurdles, and ensure that you find the best property to suit your needs. 30-Year Mortgage Rates approach 7%! Call Barry today at 561-880-5587 to find a property and lock in the lowest possible interest rate!

Click here to read more about the latest interest rates.

Economists expect the rates to stay right around where they are now, but there are multiple factors that determine what that means for you. If you're in the dark when it comes to mortgage terms and rates, Click Here for a great explanation.

Need assistance with luxury properties? Click Here. For commercial transactions,  Click Here to visit Frette Commercial.

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